UPDATE: SLAM Trenches New Gold-Bearing Vein; Shares Jump 27% Mid-Morning

By Midnight Trader,  August 31, 2012, 10:16:29 AM EDT

SLAM Exploration Ltd. (SXL.V) today reporedt trenching intersected a gold-bearing quartz vein that strikes for at least 155 m at the new Maisie Zone gold discovery on its wholly-owned Menneval claims in New Brunswick. Trench MN12-02 uncovered the quartz vein approximately 10 m southwest of the Maisie Zone discovery boulders. Trench MN12-03 uncovered the vein 80 m away and trench MN12-04 followed the vein a further 75 m along strike. Specks of visible gold occur in Trench MN12-03 and over a 35 m length of the vein in trench MN12-04. The vein ranges from 0.20 m to 0.40 m in thickness. Assays are pending on samples from these trenches.

SXL is up 27%, taking Slam away from a yr low.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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